Bladon Sears (Properties) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05193452 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Bladon Sears (Properties) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H Bladon-Reid

N A Sears-Adams

SECRETARY:

N A Sears-Adams

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

05193452 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Property, plant and equipment

4

-

Investment property

5

910,000

CURRENT ASSETS

Debtors

6

5,794

4,935

Cash at bank

22,457

18,907

28,251

23,842

CREDITORS

Amounts falling due within one year

7

155,184

173,291

NET CURRENT LIABILITIES

(126,933

)

(149,449

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

783,067

760,551

CREDITORS

Amounts falling due after more than one
year

8

(288,782

)

(286,418

)

PROVISIONS FOR LIABILITIES

(52,325

)

(52,325

)

NET ASSETS

441,960

421,808

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

10

441,860

421,708

SHAREHOLDERS' FUNDS

441,960

421,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

N A Sears-Adams - Director

1.	STATUTORY INFORMATION

Bladon Sears (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the total invoice value, excluding value added tax, of rents received during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% Straight line

Investment property

Initial measurement

Investment properties are initially measured at cost.

Subsequent measurement

Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

6,194

DEPRECIATION

At 1 April 2024

and 31 March 2025

6,194

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

910,000

NET BOOK VALUE

At 31 March 2025

910,000

At 31 March 2024

910,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

910,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

568,326

The investment properties were valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

1,900

4,377

Directors' current accounts

3,371

-

Prepayments & accrued income

523

558

5,794

4,935

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

4,890

11,919

Trade creditors

763

Tax

5,196

6,124

Other creditors

139,712

150,712

Directors' current accounts

-

110

Accruals & deferred income

4,623

3,663

155,184

173,291

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

288,782

286,418

Include above are bank loans:

Repayable other than by instalments falling due after five years: £261,495 (2024: £261,270).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

293,672

298,337

The bank loans are secured on the investment properties.

10.

RESERVES

The retained earnings of £441,860 (2024: £421,708) comprise distributable reserves of £152,511 (2024: £132,359) and non-distributable reserves of £289,349 (2024: £289,349) which relate to property revaluations less related deferred tax provision.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mrs H Bladon-Reid

Balance outstanding at start of year

-

Amounts advanced

1,685

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,685

-

N A Sears-Adams

Balance outstanding at start of year

-

Amounts advanced

1,686

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,686

-

Both amounts have been repaid since the year end.

12.	RELATED PARTY DISCLOSURES

Creditors include £136,012 (2024: £147,012) due to Bladon Sears Limited, a company in which Mrs H Bladon-Reid and N A Sears-Adams are directors and controlling shareholders.